Intro:

Velodrome is an AMM designed as the trading and liquidity marketplace on Optimism network, launching on May 31st 2022. The aim of this dashboard is to clarify the performance of Velodrome in comparison with other know DEX.

The following metrics are adopted: -Total number of swaps by day over the last month -Total number of wallets swapping by day -What are the most popular asset pairs to swap from and too -Top 10 assets swapping from -Top 10 assets to swap to

The Uniswap is chosen to make comparison with Velodrome.

Method:

• Used table for Velodrome-→ optimism.velodrome.ez_swaps

• Swap pair on Velodrome-→ CONCAT(SYMBOL_IN,'-',SYMBOL_OUT)

• Used table for Uniswap-→ optimism.core.fact_event_logs

  1. Tx_hash from -→ optimism.core.fact_token_transfers and address name of receiver

     ilike '%uniswap%'

• Symbol in on Uniswap-→ CONTRACT_ADDRESS for EVENT_INDEX=2

• Symbol out on Uniswap-→ CONTRACT_ADDRESS for EVENT_INDEX=0

• Unique swappers-→ ORIGIN_FROM_ADDRESS

Outcomes:

The general comparison is made on this section and the results are summarized as below:

1. In general the application of Velodrome is more than Uniswap by number of swaps but according to number of unique swappers, the Uniswap takes the lead.
2. The daily application of Velodrome is more than Uniswap as shown in the first chart. specially, the application of Velodrome increased after Middle of July.
3. The number of unique swappers for both platforms are close together but sometimes Uniswap has more daily unique swapper than Velodrome.
4. The cumulative application of both DEXs shown the increment on application of Velodrom over time.

Swap analysis on Velodrome:

Swap analysis on Uniswap:

Outcomes:

This part of results divided into two section by columns as shown. The left column belong to Velodrome and the right one for Uniswap.

1. The most popular swap pair on Velodrome is USDC-OP pair with more than 205k swaps. But on Uniswap, the most popular pair is USDC-WETH pair with near 80k swaps.
2. In both of the DEXs, the USDC is the most popular token for swapping from but the share on each of them is different. On Velodrome has 31% and on Uniswap has more than 50% application as swapping from token.
3. The most popular tokens for swapping to are different for selected DEXs. On the Velodrome, the USDC is the most used token with 32% and the next rank belongs to OP with 25.4%.
4. The most popular token for swapping to on Uniswap is WETH with 40.6% of application.